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Does a maturing GIC affect TFSA contribution room?



Our response:

There are limits on how much you can contribute to your Tax-Free Savings Account (TFSA) each year. Growth on your investments, inside a TFSA, does not affect this contribution room. These previous Investing Questions questions may help provide insight on your TFSA:

Learn more about TFSAs and GICs at We suggest speaking with a registered financial advisor can help you review your goals and savings strategy.

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